1. A company purchases an asset for the P10,000 and plans to keep it for 20 years. If the salvage is zero at the end of 20" year, what is the book value in the third year? Use SOYD method 2. A machine...

Extracted text: 1. A company purchases an asset for the P10,000 and plans to keep it for 20 years. If the salvage is zero at the end of 20" year, what is the book value in the third year? Use SOYD method 2. A machine purchased for P150,000 its estimated Ilife is 15 years, after which it will be sold for P40,000 find the book value during the 6th year if the sum of the year digit depreciation is used.